Niino Palace Kawasaki: A Compact Investment Apartment in a Prime Location
This property is a compact 1K apartment located in the Niino Palace Kawasaki building in Kawasaki City, Kanagawa Prefecture. The apartment offers a private floor area of 17.01 sqm (approximately 5.14 tsubo) and is situated on the 3rd floor of a 5-story reinforced concrete building constructed in July 1990. The unit faces southwest, ensuring good sunlight. Key features include a convenient shoe-in closet, a built-in wardrobe, an auto-lock security system for peace of mind, and a 2.9 sqm balcony.
The location is exceptionally convenient, being just a 1-minute walk from Minatomachi Station on the Keikyu Daishi Line. Daily shopping is easy with Super Shokuhinkan Aoba Kawasaki Fujimi store approximately 180 meters away (about a 3-minute walk). The surrounding area is noted for its greenery, contributing to a pleasant living environment.
Critical agent notes provide essential investment information. The property is currently tenanted, and the lease agreement is to be taken over by the new owner. The current annual rent is 660,000 yen, and the current yield is calculated at 9.7%. Important disclaimers are provided: The yield is the ratio of annual rental income (including common service fees) to the sale price, calculated before deducting taxes, public charges, and other necessary maintenance expenses. Furthermore, the assumed rent and yield are calculated based on market rent, adding estimated rent for any vacant spaces to assume full occupancy. It is explicitly stated that rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 13, 2026).
The area of Kawasaki, part of the greater Tokyo metropolis, is a vibrant city known for its industrial heritage and cultural festivals. An interesting fact is that Kawasaki is home to the annual Kanamara Matsuri, a unique and famously lively festival. For a major tourist attraction, residents and visitors can easily access the iconic Kawasaki Daishi (Heiken-ji Temple), a major Buddhist temple complex and one of the most visited temples in the Kanto region, known for its grand architecture and significance in prayer for safety and good fortune.
